Ezra Holdings Ltd is leading a rebound among Singapore
oil-service providers this month, after bearish bets pushed the company's
shares to all-time lows. The rally will be short-lived amid deepening financial
distress in the industry, analysts say.

Local brokerages Phillip Securities and OCBC Securities have
joined other houses in restricting trades made on investment firm ISR Capital,
as a massive rally in the counter looks at risk of reversing.

Aztech Group's co-founder, chairman and CEO, Michaeal Mun
Hong Yew, announced on Tuesday (Sept 20) his offer to take the diversified
electronics, marine and food company private at 42 Singapore cents a share.

Catalist-listed medical-property developer International
Healthway Corporation (IHC) said before trading hours on Friday that the
appointment of receivers by its two Australian bank lenders, Westpac and
National Australia Bank (NAB), to IHC's three properties in Australia is a
consequence of the disputed appointment of receivers by Crest Funds (Crest
Receivers).

An industry working group could launch Singapore's first
Stewardship Code by the end of the year, laying out how investors should use their
powers as shareholders, according to Hans Cristoph-Hirt, co-head of Hermes
Equity Ownership Services.

Should SGX allow DC companies to list here? As with many
contentious areas, it depends on who you ask. Like quarterly reporting for
example, ask those who have to do the actual work, namely the corporate sector,
and the reply would be that it is a waste of resources, adds to share price
volatility and so should be scrapped. Yet, ask shareholders and investors and
the view is very different - financial updates every three months are welcome
and deemed very necessary in decision-making.

Marvellous Glory Holdings, the special vehicle that is
planning to make a voluntary conditional offer to acquire all the shares of
mainboard-listed vegetable processor China Minzhong Food Corporation (CMZ) at
S$1.20 apiece, has unveiled two pre-conditions that must be satisfied for the
offer to go through.

China Environment, which manufactures air pollution control
and treatment systems in China, said on Tuesday that the group's current assets
are greater than its current liabilities after taking in an impairment charge
of 356 million yuan (S$72.3 million).

Singapore Exchange (SGX) will soon issue a surveillance
handbook to brokers containing case studies involving market rigging and
manipulation in an effort to educate brokers on trading activities that are
allowed and those that are not.

If the Singapore Exchange (SGX) wants to have dual-class
shares, it will have to avoid some of the missteps by its rival in Hong Kong,
but may ultimately still have to accept higher levels of governance risk in the
marketplace.